Precision Drilling (Precision Drilling) Days Payable : 248.88 (As of Dec. 2023)

View and export this data going back to 2005. Start your Free Trial

What is Precision Drilling Days Payable?

Precision Drilling's average Accounts Payable for the three months ended in Dec. 2023 was $160 Mil. Precision Drilling's Cost of Goods Sold for the three months ended in Dec. 2023 was $59 Mil. Hence, Precision Drilling's Days Payable for the three months ended in Dec. 2023 was 248.88.

The historical rank and industry rank for Precision Drilling's Days Payable or its related term are showing as below:

PDS' s Days Payable Range Over the Past 10 Years
Min: 72.56 Med: 112.94 Max: 180.42
Current: 134.38

During the past 13 years, Precision Drilling's highest Days Payable was 180.42. The lowest was 72.56. And the median was 112.94.

PDS's Days Payable is ranked better than
74.67% of 900 companies
in the Oil & Gas industry
Industry Median: 59.43 vs PDS: 134.38

Precision Drilling's Days Payable increased from Dec. 2022 (51.28) to Dec. 2023 (248.88). It may suggest that Precision Drilling delayed paying its suppliers.

Precision Drilling Days Payable Historical Data

The historical data trend for Precision Drilling's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Precision Drilling Days Payable Chart

Precision Drilling Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

119.47

84.17

95.43

152.18

175.42

Precision Drilling Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															51.28	245.83	309.42	69.08	248.88

Competitive Comparison of Precision Drilling's Days Payable

For the Oil & Gas Drilling subindustry, Precision Drilling's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Precision Drilling's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Precision Drilling's Days Payable distribution charts can be found below:

* The bar in red indicates where Precision Drilling's Days Payable falls into.

Precision Drilling Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Precision Drilling's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (100.375	+	112.812)	/	2 )	/	221.793	*	365
=	106.5935					/	221.793	*	365
=	175.42

Precision Drilling's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (207.316	+	112.812)	/	2 )	/	58.687	*	365 / 4
=	160.064					/	58.687	*	365 / 4
=	248.88

Precision Drilling Days Payable Related Terms

Thank you for viewing the detailed overview of Precision Drilling's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Precision Drilling (Precision Drilling) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Precision Drilling Corp (NYSE:PDS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PD:Canada

Address

150 6th Avenue SW, Suite 4200, Calgary, AB, CAN, T2P3Y7

Website

https://www.precisiondrilling.com

Precision Drilling Corpd is a provider of contract drilling and completion and production services to oil and natural gas exploration and production companies in Canada, the United States and certain international locations. Contract Drilling Services include drilling rigs, procurement and distribution of oilfield supplies, and the manufacture, sale and repair of drilling equipment. Completion and Production Services include service rigs, oilfield equipment rental, and camp and catering services.